"MiniMax" Named to Forbes "2024 China Innovative Enterprises" Top 50 | Oasis Vitality

Recently, Forbes China released its "2024 China Innovative Enterprises" Top 50 list. As more and more hard-tech startups secure large funding rounds, China's innovation landscape is becoming increasingly diverse. Over the past three years, the turnover rate on the Forbes China Innovative Enterprises 50 list has risen year after year, reaching a staggering 80% this year. This reflects the fierce rotation playing out across China's innovation tracks. Notably, the number of biopharma, new energy, and EV companies on the list has dropped rapidly over the past few years, while AI-related innovators have quickly filled those vacancies. The share of startups on this year's list has returned to 2018 levels, but with a difference: although these startups have shorter operating histories, their funding amounts are more substantial. Among them, Oasis Capital portfolio company MiniMax was named to the Forbes "2024 China Innovative Enterprises" TOP50.

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